Published: 10.14 Europe/London, April 18, 2011
Dutch cable operator Ziggo said the number of its digital TV customers grew by 111,000 and subscribers for paid digital TV by 24,000 during Q1, 2011. Costomers of the All-in-1 Bundle increased by 45,000 subscribers to more than 1.1 million in total.
Penetration for digital TV now is 63% pof all homes connected, this is 4% from the previous quarter. Approximately 48% of digital TV customers subsribe to amn extended tier and/or premium services. Pentration for broadband internet is now 52% of its customer base.
The tyotal number of homes served is slightly down from 3,087,000 on December 31, 2010 to 3,063,000 on March 31, 2011. The number of digital TV customers is up from 1,804,00 to 1,915,000. Ziggo offers its basic digital TV tier at no additional cost to their analogue subscribers.
The toal number of exteded digital and premium digital subscribers is up from 897,000 (December 31,2010) to 921,000 (March 31, 2011). The number of broadband homes is 1,578,000 (up from 1,549,000) and the number of telephony homes is now 1,212,000 (up from 1,167,000).
In a statement, Ziggo CEO Bernard Dijkhuizen said: “Ziggo continued its growth in the first quarter of 2011, demonstrating the strength of our strategy and operations. With new innovations for our television offering, increased internet speeds for our customers and our continued focus on further improving our customer service, we are convinced we will strengthen our position in the consumer market and exploit its considerable further growth potential in the year ahead.”
The financial highlights of Q1 2011 include:
• Revenue of €360.9 million, up 6.5% versus Q1 last year
• Adjusted EBITDA of €205.2 million, up 5.0% versus Q1 last year
• Free operating cash flow of €146.0 million, up 39.6% versus Q1 last year
• Net Debt to adjusted EBITDA leverage ratio down to 4.3x at March 31, 2011 compared to 4.5x at December 31, 2010